Key Technology, Inc. (KTEC) – Making a Positive Turn Towards Profitability
Key Technology (KTEC) is an international leader in the design and manufacture of process automation systems for the food processing and industrial markets. Using innovative technology, the company’s primary markets are processed and package food, pharmaceutical and industrial products, including fresh and processed fruits and vegetables, potatoes, nuts, snacks and meat, as well as coffee, tobacco, plastics, paper and other products. In third quarter 2007, Key Technology reported its fiscal year ended with a 26.8% increase in fiscal sales compared to 2006. Net earnings also increased, reporting $7.4M compared with the net loss of $793,000 in fiscal 2006. Results were…